Business Cycles

Recorded at Mises University 2001.

Recorded at the 2003 Supporters Summit: Prosperty, War, and Depression.

(38:26)

John P.

Recorded at Mises University 2003.

Recorded at the 2003 Supporters Summit: Prosperty, War, and Depression.

(25:00)

Recorded at the 2003 Supporters Summit: Prosperty, War, and Depression.

(24:29)

Recorded at Mises University 2005.

Recorded at Mises University 2003.

Recorded at the 2003 Supporters Summit: Prosperty, War, and Depression.

(29:32)

Overall economic efficiency does not concern GDP growth per se, writes DW MacKenzie. It concerns the satisfaction of consumer demand. Increased military spending does not directly satisfy consumer demand. Nor do increased deficits and monetary stimulation substitute for market forces. They only set in motion another round of cyclical economic trends.